Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0330%/8h= +36.2% APRpaid last 24h +0.078%

Price spread now: edgeX against Injective+1.808%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.493%+$49 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and edgeX is 1.808% dearer against Injective than usual: you sell high and buy low: +$181 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective JPM/USDC PERP	345.91	−0.0220	get 0.0028% / 1h	0m 47s	$7K	$34K	12x
Short	edgeX JPMUSDC	352.16	0.0110	get 0.0055% / 4h	3h 00m	$36K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee edgeXbpOrdersPrice spread, now +1.808%Rate

Funding earned: $69.34
Price spread: +1.808% → 0.000%: $180.82
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $241.15
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 31 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 31 min ago	6.97 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

JPM on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JPM_USDT	−0.0909%	8h	352.28	+1.842%	$727K	$199K	25x	as long as short
GRVT JPM_USDT_Perp	−0.0485%	8h	352.19	+1.816%	$5K	$80K	10x	as long as short
Injective JPM/USDC PERPlong	−0.0220%	1h	345.91	long leg	$7K	$34K	12x
BloFin JPM-USDT	−0.0006%	8h	352.28	+1.842%	$90K	$28K	20x	as long as short
Aster JPMUSDT	0.0000%	8h	352.05	+1.775%	$3K	$388	20x	as long as short
Binance JPMUSDT	0.0000%	8h	352.24	+1.829%	$934K	$492K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.50	+1.905%	$154K	$1.1M	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.99	+1.758%	$205K	$11K	20x	as long as short
Variational Omni JPM	0.0000%	8h	352.13	+1.800%	$120K	$6K	—	as long as short
SunX JPM-USDT	0.0000%	8h	352.10	+1.789%	$1K	$792K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX JPM-USDT	0.0000%	8h	351.97	+1.752%	$7K	$39K	20x	as long as short
QFEX JPM-USD	+0.0019%	1h	352.07	+1.781%	$1.1M	$2.4M	10x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	351.99	+1.758%	$155K	$986K	20x	as long as short
edgeX JPMUSDCshort	+0.0110%	4h	352.16	+1.808%	$36K	$172K	10x